AN

ASSIGNMENT
ON
INCOMES EXEMPT FROM TAX – SECTION 10

SUBMITTED TO
INDUKAKA IPCOWALA INSTITUTE OF MANAGEMENT (I2IM)
CHAROTAR UNIVERSITY OF SCIENCE AND TECHNOLOGY (CHARUSAT)
CHANGA

INDUKAKA IPCOWALA INSTITUTE OF MANAGEMENT (I2IM)

CHAROTAR UNIVERSITY OF SCIENCE AND TECHNOLOGY (CHARUSAT)
ATSEPETEMBER 15TH, 2010

PREPARED BY
SANNI PATEL
09MBA35
SUBMITTED TO
RUPIN PATEL

1
 INCOMES EXEMPT FROM TAX – SECTION 10

_____________________________________________________________________________________________________________

Income/Receipts/Awards/Compensation based Types of Entities/assesses Location based Activity based

exemption exemption exemption exemptions
• Agricultural Income • Local Authorities • Free Trade • Export Oriented
• Receipts by a member of Hindu Undivided Family Zone
• Research Association Units
• Share of profit from Partnership Firm • Special •
• News agencies Activity Based
• Interest to Non Residents Economic Zone Exemption
• Professional Institutes
• Salary • Regimental Fund
o Gratuity, Provident Fund, Superannuation Fund • Employee Welfare fund o Hand Made
o Pension • Pension Fund wooden
o Retrenchment Compensation • EEC & SAARC Articles
o House Rent Allowance • Insurance Regulators
o Leave Salary & Special Allowances • CERC
o Tax on Perquisites paid by Employer • Mutual Fund Venture Capital
o VRS Funds
• Compensation received by Bhopal Gas Victims • Trade Unions
• Compensation on account of any disaster • Provident
• Awards • Funds Investor
• Pension to Gallantry Award Winners • Protection Fund
• Pension to family of armed forces • ESIF
• Specific Receipts • ST
o Scholarship • Sikkimiese
o Receipts from Life Insurance Policies • APMC’s
• Specific Incomes • SC/ST Board
o Long Term Capital Gain from transfer of listed equity • Minorities Board
shares • Income of national funds
o Dividend and interest on Mutual Funds & Companies • Income of educational
o Gains on Compulsory acquisition of Urban Agricultural 2
institutions
Land • Income of hospitals
• Reverse Mortgage